Universal Logistics Hldgs Inc Stock Price, News & Analysis

Universal Logistics Holdings (NASDAQ: ULH) has initiated a modified "Dutch auction" tender offer to repurchase up to 100,000 shares, approximately 0.4% of its common stock. The buyback price ranges from $25.00 to $28.00 per share. Funding will come from the company's cash reserves and existing line of credit. The offer expires on June 15, 2022. This decision reflects the company’s strong cash position and commitment to enhancing shareholder value through strategic buybacks.

Universal Logistics Holdings reported record first-quarter 2022 results, with net income of $42 million, or $1.56 per share, a 95% year-over-year increase. Operating revenues rose to $523.9 million, up 26.2%, and operating income reached $57.8 million, an 85.7% increase, resulting in an operating margin of 11.0%. The company declared a quarterly dividend of $0.105 per share, payable on July 5, 2022. Despite industry challenges, CEO Tim Phillips expressed confidence in achieving $2 billion in revenue for 2022. Share repurchases totaled 257,261 shares at an average price of $20.42.

Universal Logistics Holdings, Inc. (NASDAQ: ULH) will release its first-quarter 2022 financial results after market closure on May 5, 2022. The earnings call is set for May 6, 2022, at 10:00 a.m. ET. This call will allow investors to gain insights into the company's financial performance and management strategies.

The company specializes in customized transportation and logistics solutions across the U.S., Mexico, Canada, and Colombia, aiming to offer scalable supply chain solutions.

Universal Logistics Holdings (NASDAQ: ULH) reported a fourth-quarter 2021 net income of $16.2 million, or $0.60 per share, on record quarterly revenues of $467.4 million, marking a 21% year-over-year increase. Despite these achievements, operating results were impacted by $11.0 million in charges related to auto liability claims and contract logistics losses. For the full year 2021, net income was $2.74 per share, and total revenues reached $1.75 billion, both representing historical highs for the company. A cash dividend of $0.105 per share was also declared, payable on April 4, 2022.

Universal Logistics Holdings, Inc. (NASDAQ: ULH) announced the release of its fourth quarter 2021 financial results, scheduled for after-market close on February 10, 2022. A quarterly earnings conference call will take place on February 11, 2022, at 10:00 a.m. ET. The company specializes in customized transportation and logistics solutions across the U.S., Mexico, Canada, and Colombia. The press release includes forward-looking statements regarding future performance, with no specific financial metrics disclosed.

Universal Logistics Holdings, Inc. (NASDAQ: ULH) reported third quarter 2021 net income of $10.3 million, or $0.38 per share, on revenues of $445.6 million. This marks a revenue increase from $365.0 million in Q3 2020. However, net income declined from $13.6 million year-over-year. Operating income dropped to $16.7 million, impacted by $12.9 million in litigation and program launch losses. Despite challenges from supply chain disruptions, the company remains optimistic about future demand and operational improvements. A cash dividend of $0.105 per share was also declared.

Universal Logistics Holdings, Inc. (NASDAQ: ULH) plans to release its third quarter 2021 financial results after market close on October 28, 2021. A quarterly earnings conference call is scheduled for October 29, 2021 at 10:00 a.m. ET. Universal Logistics is known for its asset-light transportation and logistics solutions, serving clients across the United States, Mexico, Canada, and Colombia. The company provides a diverse range of supply chain services, including truckload, brokerage, and intermodal solutions.

Universal Logistics Holdings (NASDAQ: ULH) announced participation in Cowen's 14th Annual Global Transportation & Sustainable Mobility Conference. CEO Tim Phillips and CFO Jude Beres will engage in a fireside chat on September 10, 2021, starting at 8:00 AM ET. The event will be live-streamed via Universal's website, with a replay available afterward. Universal is a leading asset-light provider of customized transportation and logistics solutions across the U.S., Mexico, Canada, and Colombia.

Universal Logistics Holdings (NASDAQ: ULH) reported a robust second quarter for 2021, achieving net income of $25.6 million or $0.95 per share, up from $6.2 million or $0.23 per share in Q2 2020. Total operating revenues hit a record $422.8 million, a significant increase from $258.0 million last year. Operating income rose to $31.3 million with a margin of 7.4%. The company declared a cash dividend of $0.105 per share and authorized a new stock repurchase program for up to 621,622 shares. Despite challenges like the chip shortage, management remains optimistic.